Pakistan’s foreign exchange reserves continue to decline unabated

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KARACHI: In line with the dominant trend over the last several weeks, the country’s foreign exchange reserves held by the State Bank of Pakistan (SBP) once again declined by 3.21%. On September 16, the foreign currency reserves held by the SBP were recorded at $8,346.4 million, down $278 million compared with $8,624 on September 9, data released by SBP showed on Thursday. Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14,069.9 million. Net reserves held by banks amounted to $5,723.5 million.